TNAG-1040-FCO40-1290-Future-of-Hong-Kong-1981 — Page 117

RUSSHU

ARTICLE I

ABROGATION OF FRIOR TREATIES AND

ESTAUL ISHMENT OF A NEW RELATIONSHIP

UPON ITS ENTRY INTO FORCE, THIS TREATY TERMINATES AND SUPERSEDES:

(A) THE ISTHMIAN CANAL CONVENTION BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF PANAMA, SIGNED AT WASHINGTON, NOVEMBER 18, 1903;

(B) THE TREATY OF FRIENDSHIP AND COOPERA TION SIGNED AT WASHINGTON, MARCH 2, L936, AND THE TREATY OF MUTUAL UNDERSTANDING AND COOPERATION AND THE RELATED MEMORANDUM OF UNDERSTANDINGS REACHED, SIGNED AT PANAMA, JANUARY 25, 1955, BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF PANAMA;

(C) ALL OF HER TREATIES, CONVENTIONS,

AGREEMENTS AND EXCHANGES OF NOTES BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF PANAMA, CONCERNING THE PANAMA CANAL WHICH WERE IN FOR CE PRIOR TO THE ENTRY INTO FORCE OF THIS TREATY; AND

(D) PROVISIONS CONCERNING THE PANAMA CANAL WHICH APPEAR IN OTHER TREATIES, CONVENTIONS, AGREEMENTS AND EXCHANGES OF NOTES BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF PANAMA WHICH WERE IN FORCE PRIOR TO THE ENTRY INTO FORCE OF THIS TREATY.

2. IN ACCORDANCE WITH THE TERMS OF THIS TREATY AND RELATED AGREEMENTS, THE REPUBLIC OF PANAMA, AS TERRITORIAL SOVEREIGN, GRANTS TO THE UNITED STATES OF AMERICA, FOR THE DURATION OF THIS TREATY, THE RIGHT S NECESSARY TO REGULATE THE TRANSIT OF SHIPS THROUGH THE PANAMA CANAL, AND TO MANAGE, OPERATE, MA INTA IN, IMPROVE, PROTECT AND DEFEND THE CANAL.

MAINTAIN,

THE REPUBLIC

OF PANAMA GUARANTEES TO THE UNITED STATES OF AMERICA THE PEACEFUL USE OF THE LAND AND WATER AREAS WHICH IT HAS BEEN GRANTED THE RIGHTS TO USE FOR SUCH PURPOSES PURSUANT TO THIS TREATY AND RELATED AGREEMENTS.

3. THE REPUBLIC OF PANAMA SHALL PARTICIPATE INCREASINGLY IN THE MANAGEMENT AND PROTECTION AND DEFENSE OF THE CANAL, AS PROVIDED IN THIS TREATY.

4 IN VIEW OF THE SPECIAL RELATIONSHIP ESTAB- LISHED BY THIS TREATY, THE UNITED STATES OF AMERICA AND THE REPUBLIC OF PANAMA SHALL COOPERATE TO ASSURE THE UNINTERRUPTED AND EFFICIENT OPERATION OF THE PANAMA CANAL.

ARTICLE II

RATIFICATION, ENTRY INTO FORCE, AND TERMINATION

1.

THIS TREATY SHALL BE SUBJECT TO RATIF ICAT ION IN ACCORDANCE WITH THE CONST IT UT IONAL PROCEDURES OF THE TWO PARTIES. THE INSTRUMENTS OF RATIFICATION OF